The Corona-crisis has shaken the stock market. The courses to slip in to the basement. Also, the price of gold plummeted for a short period of time. Who has short created before the crisis, his money, now has to deal with enormous losses. However, for this investor is now premature, the biggest mistake would be to sell well. Because the gold price has stabilised now, you will see that there will be a time after the crisis. The economy will recover, the rates rise again. And here’s the first tip:
1 is also straight forward. To invest in shares, funds and ETFs
if you think Long about it, in the form of securities, the advise is to the current time. Experts believe that the prices will recover after the pandemic. Many investor predicts even a higher value than before the crisis. But here, it is said: no one can see the share prices before. All you need is a direct custodian Who wants to invest in stocks, funds or ETFs (Exchange Traded Fund), so exchange traded index funds, you will need a Direct Deposit account with his Bank or an Online brokers, such as Onvista, or Flatex. Such custodian is a Bank account. Only that you keep not your money, but your shares.
If you as a customer have a Bank such as DKB Sparkasse, Commerzbank and ING, you should you the particular website of your credit institution’s reputation. Here you can not only open up a Direct Deposit account. You’ll also get a lot of valuable information to trade in securities.
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spend only the money that you left A tip: Buy shares does not have only with money that you need. In particular, in the case of ETFs and other funds, invests for the long term. The fast money is here to make hardly. Also, if the Corona-crisis favors the. With the shares of companies such as VW, Adidas, SAP, or Siemens, as well as Tesla, Apple and Amazon higher returns and profits can usually make. However, you have to stay here for always up-to-date, in the case of the cases, such as bankruptcy, quick, sell. For funds and ETFs it’s different. ETFs instead of stocks? With ETFs, investors can trade entire markets, such as, for example, the German stock index (DAX) or the MDAX as a share. The MDAX reflects the development of the 60 largest companies, the consequences in terms of market capitalisation and order book turnover of the 30 DAX companies. Should sign up in the Fund is now a company bankruptcy and disappear from the market, it is replaced by another. The risk of losing money is significantly lower.
The Other is an ETF is nothing more than a package of securities of many companies. Therefore, the rate usually corresponds to the total value of the individual shares. The most well-known ETF, the MSCI World – an international stock index, which consists of over 1,600 companies worldwide. But there are also a few others.
Whether shares, funds, ETFs, or other securities: deserves With this tip at the end only the money that has been money.
2. Bitcoin
Anyone looking for an Alternative and is ready to increase the risk a little, you can invest in crypto-currency. In the case of many experts, the digital means of payment is considered to be the future of money. Above all, market leader offers here: the Bitcoin. In the case of the market capitalization of currently more than 123 billion euros for the digital currency is significantly ahead of the competition. The market capitalization of the second most important crypto-currency, Ethereum is currently around 17 billion euros.
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high-risk too much money? If you look at the price development of Bitcoin, we see a curve on the stock market. So the Bitcoin to date, reached its peak in 2017, as he was well 18,000 euros. While you had to pay in February for a Bitcoin still around 9,500 euros, there is this currently for approximately 6,800 euros.
on the Basis of these Figures is to see how unstable Bitcoin is. On the one hand. On the other hand you can make with a bit of luck and intensive observation of the market a assets with the crypto-currency. There are analysts, the rise in the Bitcoin price, 450,000 Euro, and more confidence.
the demand for Bitcoins, around rises at the same time, the price and different. The digital currency is not controlled by Central banks or governments, but administered in a decentralised manner. Note: The total available quantity of Bitcoins is 21 million pieces is limited. This is avoided on the one hand Inflation, and on the other hand, the increase in value will be generated. How can I buy Bitcoins and sell? Who would like to buy Bitcoins and sell, we recommend an App such as “Bison”. The publisher of this application, the Stuttgart stock exchange is. The App is free and gives you at the beginning of Euro 50,000 as start-up capital – of course, as a “play money”. So you can simulate the Bitcoin purchases and sales, and get a feel for the crypto-currency. Then you can verify yourself by personal identity card via the App, online and real buy Bitcoins.
another way to directly trade on Bitcoin market places. The best-known German marketplace is bitcoin.de, a company of the Bitcoin Group SE. Here, the owner of the crypto currency to trade directly with each other. You’re so, like a classifieds portal, Bitcoins for sale, or purchasing them from other users. The purchase price will be transferred to the Bank account of the seller and the buyer will receive the purchased Bitcoins in a digital Form.
Whether bitcoin.de or other marketplaces, The operators of these platforms normally require a small fee for transactions.
4. Gold
Gold for many investors is still a safe haven. And the price per ounce has risen since September, 2018 continuously. You paid for one and a half years, a little more than 1,000 euros for a fine ounce, it was in front of the Corona-crisis about 1,500 euros. Such a high yield it is almost nowhere.
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Although has recovered, the price of gold now and again, and reaches his old level. On 7. April 2020, he reached 1.537 Euro per fine ounce even be high at all times. But it is, in particular, this recovery, which shows that Gold can’t be shaken so quickly. There is a risk however, Because should be anywhere in the world, even bigger gold reserves unearthed, it could allow the price to fall.
3. Heating oil and gasoline
In the Corona-crisis slides in Oil prices in the basement. For owners of Oil heaters, this is your Chance to get cheap heating oil. In order for you will not necessarily rich, but there is some Euro save. 100 litres of heating oil cost before the pandemic is still around 70 euros, there are currently about 50 Euro. In the case of an order of 3,000 litres, this means a difference of about 600 Euro. Who waits a little longer, could benefit from a even lower price, because the Oil market will be determined in the coming months from a massive Oversupply.
gasoline and Diesel are currently a lot you can save. One litre of Fuel cost prior to the Corona-crisis, more than € 1.40 the Liter of Super currently for 1.20 euros. As with fuel oil, also applies here that the rate is likely to fall further.
Whether petrol or Diesel hoarding but rich makes? Certainly not. Because on the one hand, you are allowed to store in the basement of a maximum of 20 litres of Fuel. On the other hand, Diesel is only a few months. Although gasoline air can be tightly stored for 20 years later use. However, it saves through such storage is currently about four Euro.
5. Car purchases, mortgage rates and co.
There are plenty of other ways to save Corona-crisis money. Are you planning to purchase a car, you should not do that as far as possible now. The pandemic is likely to result in the coming weeks, a further slump in the German car market. In the time that new cars could be so much cheaper than it is now and before the crisis.
The Corona-pandemic is also conducive credit conditions, which in particular affects house building and apartment purchase. Experts believe that even a negative mortgage interest rates could be the result. In this case, borrower does not have to pay a loan once again completely back.
This article was written by Blasius Kawalkowski
*The contribution of “Corona-the crisis as an opportunity: 5 clever financial tricks” is published by Inside phone. Contact with the executives here.
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